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City Council Regular Meeting Minutes December 8, 2015 Page 2 2 IV. PUBLIC HEARING 3 4 A. Resolution 15 -073 a Resolution Setting the Final 2016 Tax Levy and General Operating 5 Budget for the City of St Anthony Village 6 7 Mayor Faust opened the public hearing at 7:04 p.m. 8 9 Finance Director Shelly Rueckert reviewed the 2016 Budget Calendar. Staff has presented 2016 10 levies totaling $6,050,812. This represents a $219,075 increase, which equates to a 3.76% 11 increase compared to 2015 levies. 12 13 Ms. Rueckert reviewed the 2016 Budget Parameters, City revenues budgeted using current run 14 rates for sources that are subject to trends and conservative baseline estimates for re- occurring 15 aids and charges for services, liquor transfer reduced to match current operating results and 16 expenses budgeted at amounts that will maintain present level of City services. 17 18 The 2016 General Fund Revenues will come from: Tax Levy — 51%; Contracts — 23 %; 19 Intergovernmental Revenue — 13 %; Miscellaneous — 5 %; Transfers — 3 %; Licenses and Permits 20 — 3 %; and, Fines — 2 %. 21 22 Ms. Rueckert reviewed the 2016 liquor sales projection and transfer summary along with the 23 impacts of phased -in of reduced liquor transfer on proposed levy increase. 24 25 Ms. Rueckert reviewed the 2016 General Fund Expenditures as: Police — 49 %; Fire —14 %; 26 Public Works —14 %; Administration — 7 %; Finance — 5 %; Parks — 4 %; and, All other — 5 %. 27 28 The 2016 budget cost drivers are with personnel costs being 73% of expenditures, overall costs 29 are up 2.92 %. Union contract increases 2.5 %, health insurance premiums up 11.5% and union 30 longevity, steps, shared HR, Workman's Compensation rates. Contracted services are 9% of 31 expenditures, overall costs up 3.05 %. Services include: Assessor, Audit, Building Inspections, 32 Cable, Elections, IT, Jail, Legal, Planner, etc. Property and liability insurance costs: 4% of 33 expenditures, rates up 5.22 %. Pass through costs: 5% of expenditures, costs up 4.39 %, which 34 represents costs incurred and reimbursed by others, for example New Brighton fuel purchases. 35 Remaining budget line items combined: 9% of expenditures, net costs up 0.34% includes costs 36 for deductibles, fuels, printing, repairs and maintenance, street sealcoating and striping, supplies, 37 training, utilities, etc. 38 39 Ms. Rueckert reviewed the 2016 Property Tax Distribution: City — 35 %; School District — 34 %; 40 County — 24 %; and, Other Taxing Districts — 7% 41 42 Ms. Rueckert noted since 1999, the City has received $19,807,114 in grants, donations from 43 local businesses /residents which amounts to $2,308 per resident (based on population of 8,583) 44 45 Ms. Rueckert summarized the 2016 Budget: 46 • General Fund Levy totals $3,385,370 47 • Personnel costs up 2.92% 48 o 73% of General Fund expenditures